142 Fergus Av
Kitchener, ON N2A 2H2 Kitchener North-East

Nearly Approved 88-Unit Development (Potential for 118 Units)
CMHC MLI Select Eligibility – Unlock long-term amortization and favorable financing
Projected $45M Build – Significant future upside with strong market fundamentals
Outstanding Cash Flow Potential – Netting ~$2.2M based on sponsor-rented CMHC proforma
Pro Forma NOI: $2.3M | Cap Rate: 7% Stabilized
As-Is Appraised at $6.8M (July 2024)
Existing GFA: 72,616 SF | Parking: 89 stalls (28 bike spaces)

Located just minutes from GO transit, schools, major retail, and employment hubs, this site offers unmatched convenience and long-term value.

Ideal for institutions, REITs, or JV partners seeking long-term stabilized returns in one of Ontario’s fastest-growing urban markets.

Full due diligence available upon request.
 Contact Maziar Moini, Broker of Record – 647-370-7654